|
PureBytes Links
Trading Reference Links
|
Jeff,
Chande has the finest indicators (my humble, subjective opinion) I have ever
"eyeballed". Unfortunately, I have never read or seen anything that would
suggest that Chande knows how to apply "rules" to his fine work. I'm sure
he uses them well, but I can find nothing that hints at his approach.
The Forecast Oscillator can be a real gem. I like to use a 13 period FO.
Typically, stocks that fluctuate more than 10% from the Forecast Oscillator
seem to perform the best under testing. A simple optimization would look
like:
Enter Long:
Cross(opt1,ForecastOsc(CLOSE,opt3))
Close Long:
Cross(ForecastOsc(CLOSE,opt3),opt2)
I like to use 13 as a default for opt3 (or you can test). opt1 is the
trigger level to trigger a long trade and opt2 triggers the sell to offset
the position. If you are testing commodities or the Q's, just change the
"Close Long" to Enter Short. If I know a stock ranges up to 15% from the
linear regression formed by the Forecast Oscillator, I will test for points
between 1 and 15, stepping up a point (1) and -1 to -15. Because of the way
the formula is written, you must change the optimization levels for each
test. Some stocks don't trade beyond a percent or two of their price.
Testing whole numbers above "one" wouldn't do you any good (under those
circumstances).
Attached is a chart of ERTS (I trade the stock publicly, at my site, with
different rules), showing the FO13 and triggers of +10/-10 (I only use
symmetrical triggers). During the last two years, it has triggered 11
winners and one loser.
Anyway, this is just one way to use it.
Take care,
Steve
----- Original Message -----
From: Jeff Haferman <Jeff_Haferman@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Cc: <jseed_10@xxxxxxxxxxx>
Sent: Tuesday, January 22, 2002 8:44 PM
Subject: Re: Forecast Oscillator
> So, how does Chande recommend using this oscillator?
>
> I applied it to a few equities, and the crossing of the
> oscillator with the signal seems to lag, and extreme
> values don't seem to catch tops and bottoms.
>
>
> --- Original message ------
>
> From: "j seed" <jseed_10@xxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Forecast Oscillator
> Date: Thu, 10 Jan 2002 18:01:38 +0000
>
> Steve,
>
> I believe this is it.
>
> J.
>
> {Forecast Osc-Chande}
> {from jseed}
> Pds:=Input("Time Periods",1,1000,5);
> Fld:=Input("Price Field 1=C 2=O 3=H 4=L",1,4,1);
> PFld:=If(Fld=1,C,If(Fld=2,O,If(Fld=3,H,L)));
> Sig:=Input("Signal MA Periods",1,200,3);
> ForO:=((Pfld-(Ref(LinearReg(Pfld,Pds),-1)+
> Ref(LinRegSlope(Pfld,Pds),-1)))*100)/Pfld;
> ForO;
> Mov(ForO,Sig,E);
> {end}
>
>
>
> >From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
> >Reply-To: metastock@xxxxxxxxxxxxx
> >To: <metastock@xxxxxxxxxxxxx>
> >Subject: Forecast Oscillator
> >Date: Thu, 10 Jan 2002 08:34:12 -0700
> >
> >List,
> >
> >Does anyone have the math formula for Chande's Forecast Oscillator?
> >
> >Thanks,
> >
> >Steve
>
>
>
>
> _________________________________________________________________
> Join the world's largest e-mail service with MSN Hotmail.
> http://www.hotmail.com
>
Attachment:
Description: "1.gif"
|